How can digitization and data make the generation of electricity more efficient and sustainable?
The UK’s energy industry is in uncharted waters, and it is being impacted by conflicting forces which are above and below the waterline. Firstly, prices are rising at levels unseen in a generation, and are only predicted to increase further -- this is having a knock-on impact on the economy and the consumer wallet. Secondly, from a sustainable perspective, it is clear that more must be done, and more quickly, to both protect the planet and achieve the UK’s Net Zero targets.
Other industries have had their digital moments, but the digitization of the UK energy industry is only at the start of its journey. Can digitization and data in particular be used to reduce electricity prices and also increase sustainability? I really think so. Let’s consider just one part of the problem and examine how digitization and data could be applied to drive efficiencies in the balancing of the National Grid.